Market Overview
Home Prices in Marlette, MI
The median home value in Marlette, MI is $180,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.4% compared to a year ago and down 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Marlette are priced56% below average.
Over the past five years, Marlette home values have fallen by approximately5.1%, reflecting softening conditions in this market.
Price History
Marlette Home Price Trend
2020
$152,185
$152K
—
2021
$190,607
$191K
+25.2%
2022
$203,395
$203K
+6.7%
2023
$196,971
$197K
-3.2%
2024
$191,726
$192K
-2.7%
2025
$185,240
$185K
-3.4%
2026
$180,858
$181K
-2.4%
City Comparison
Marlette vs. National Median
🏠 Marlette
$180,858
National Median
$410,000
At $180,858, homes in Marlette cost 56% below the national median of $410,000. This makes Marlette a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Marlette?
20% Down Payment
$36,172
on $180,858
Monthly P&I
$943/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,198/mo
incl. taxes & insurance
Income Needed
$47,920
gross annual (30% rule)
10% Down Option
$18,086
+ PMI applies
Loan Amount (20% dn)
$144,686
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Marlette, MI?
The median home value in Marlette is $180,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.4% year-over-year.
How much have home prices changed in Marlette?
Over the past year, home values in Marlette have decreased by 2.4%. Over five years, prices have fallen approximately 5.1%.
How much do I need to earn to buy a home in Marlette?
To comfortably afford the median home price of $180,858 with a 20% down payment ($36,172) at today's rates (6.8%), you'd need a gross annual income of approximately $47,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Marlette compare to the national average home price?
The national median home value is approximately $410,000. At $180,858, homes in Marlette are 56% below the national average.